Independent Singer-songwriter Pip is making waves in the NFT world. His newest work, Pip’s NFTs (Cotton Candy Backstage Passes), made 6.8 ETH ($20,000) in the first 24 hours. Meanwhile, this is the latest example of NFTs allowing artists and creators to profit from their work.
The NFTs come with exclusive features and are available in three different varieties. These are gold, platinum and silver, and the cost depends on their benefits.
Pip NFTs offer an insane amount of utility.
The Cotton Candy Backstage Pass NFT is proof that NFT music is an incredible way for artists to promote their music. Additionally, it allows fans to get closer to the music and creates a sense of community.
Pip wants to use NFTs to get closer to his fans and reward them for listening to his music. Owners of this NFT get to enjoy a considerable amount of exclusive benefits. The perks of the NFT include lifetime access to a members-only platform. Meanwhile, this platform has lifetime concert tickets, unreleased music, access to live studio sessions, merchandise, meet-ups and plenty more.
What’s more, Pip has plans beyond this NFT. He is building Cotton Candy Records. It is one of the first ‘on-chain’ record labels to exist.
“I genuinely want to show other independent artists that it is possible to give your fans meaningful access to you and your music and the opportunity to invest in your brand,” said Pip.
Finally, it is a beautiful time to enter the NFT music space. Artists like Pip are using NFTs to build a career. Furthermore, famous musicians and companies are now entering the music space and realising the vast potential of NFTs.